Three Months Ended December 31,

2019

2018

Basic

Net income

$

985

$

1,530

Less: preferred stock dividends

—

—

Net income applicable to common stock

$

985

$

1,530

Weighted average common shares outstanding

1,806,746

1,945,247

Basic earnings per share

$

0.55

$

0.79

Diluted

Net income applicable to common stock

$

985

$

1,530

Add: preferred stock dividends

—

—

Net income applicable for diluted earnings per share

$

985

$

1,530

Weighted average common shares outstanding

1,806,746

1,945,247

Add: Options

25,000

11,576

Add: Series B Preferred Stock

1,071,220

1,071,220

Add: Series B Preferred Stock Warrants

590,147

590,147

Add: Series E Preferred Stock

47,840

77,840

Assumed weighted average common shares outstanding

3,540,953

3,696,030

Diluted earnings per share

$

0.28

$

0.41